Baker Hughes US Total Rig Count comes in at 588, down from previous 593
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Baker Hughes US Total Rig Count, released today at 18:27 UTC, showed the total number of active oil and natural gas rigs in the United States at 588. This figure represents a decrease from the previous count of 593. No consensus figure was available for this release.
Following the release, market movements were observed. One hour after the data, AUDUSD was up 4.9 pips, slightly above its median 1-hour move of 3 pips after past releases. EURUSD was down 1.9 pips, a smaller move compared to its median of 4 pips. GBPUSD gained 6.3 pips, slightly above its median of 6 pips. NZDUSD saw a small gain of 0.8 pips, well below its median of 3 pips. USDCAD was down 3.5 pips, a smaller move compared to its median of 6 pips. USDCHF was up 1.0 pip, also a smaller move compared to its median of 4 pips. USDJPY gained 5.4 pips, slightly above its median of 4 pips. Gold, XAUUSD, was down 80 pips, a significantly larger move compared to its median 1-hour move of 17 pips after past releases.